ARB IOT Group (NASDAQ:ARBB) Announces Quarterly Earnings Results

ARB IOT Group (NASDAQ:ARBB) released its quarterly earnings results on Friday. The company reported ($1.02) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $18.53 million for the quarter.

ARB IOT Group Trading Down 2.2%

Shares of NASDAQ:ARBB traded down $0.10 on Friday, hitting $4.52. 15,710 shares of the company were exchanged, compared to its average volume of 107,701. ARB IOT Group has a 1-year low of $3.71 and a 1-year high of $13.89. The stock’s 50 day moving average price is $4.50 and its 200 day moving average price is $5.36.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of ARB IOT Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ARB IOT Group has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

ARB IOT Group Company Profile

ARB IOT Group Limited, through its subsidiaries, provides Internet of Things (IoT) system solutions, and system integration and support services in Malaysia. It offers IoT smart home and building solutions, such as design, procurement, and provision of smart home products and devices; integration services; and electrical wire installation and home data network setup for homeowners, as well as provides smart building solutions, including design, procurement, installation, testing, pre-commissioning and commissioning of various IoT systems, solutions, and devices; and integration of automated systems for smart buildings, including installation of wire and wireless, and mechatronic works for property developers and contractors.